Cornerstone Theater Inc
- Assets
- $142.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Argyle, TX
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 30-0070694
Organization Overview
Cornerstone Theater Inc is located in Argyle, TX. The organization was established in 2002. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Theater Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cornerstone Theater Inc generated $115.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $82.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRESENTING THEATRICAL PRODUCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Montez President | 50 | $0 | |
Lori Kooiman Secretary | 1 | $0 | |
Stacy Muth Vice President | 0 | $0 | |
Brenda Platt Director | 0 | $0 | |
Paul Grayburn Director | 0 | $0 | |
Paul Platt Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,741 |
| Total Program Service Revenue | $15,000 |
| Membership dues | $0 |
| Investment income | $230 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,348 |
| Total Revenue | $115,319 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,597 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $415 |
| Other expenses | $78,120 |
| Total expenses | $82,932 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,461 |
| Other assets | $0 |
| Total assets | $142,140 |
| Total liabilities | $5,149 |
| Net assets or fund balances | $136,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Theatre Alliance Austin, TX | $11,051,816 | $12,251,946 |
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Dallas Theater Center Dallas, TX | $4,686,048 | $4,047,540 |
Theatre Under The Stars Inc Houston, TX | $18,210,122 | $4,859,811 |
Zachary Scott Theater Center Austin, TX | $13,760,280 | $6,657,993 |
A D Players Houston, TX | $31,582,319 | $3,073,769 |
Creative Action Austin, TX | $3,479,965 | $2,986,946 |
Plano Childrens Theatre Plano, TX | $1,873,883 | $3,548,642 |
Main Street Theater Houston Houston, TX | $3,176,471 | $2,765,553 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture New Orleans, LA | $12,003,795 | $3,171,295 |
International Alliance Theatrical Stage Employees & Moving Picture Santa Fe, NM | $2,914,386 | $3,481,191 |